Singapore | Registry Information, What is its value (Bernice Quek)
1. Registry Information - Its value
and relevance to the corporate
world today
Bernice Quek
Accounting and Corporate Regulatory Authority
13 Mar 2013
2. Value and Relevance
Information services required by businesses and
government agencies
Financial disclosure and corporate compliance
Whole of Government (WOG) collaboration
Mitigation of macroeconomic risks
3. Information Services
General Public / Ad-Hoc Requestor
iShop Retail Services
Non
Electronic Standard
Microfilm Standard
Products Package
Package
BizFile Data
4. Information Services
Volume of Information Sales Transactions
2008 2009 2010 2011 2012
304,063 341,862 380,844 406,540 443,268
Business Profiles Sold
229,551 264,645 294,903 315,745 345,840
7. Financial Disclosure and
Corporate Compliance
Investor confidence and capital costs
Neel Foster (former member of FASB)
“More information always equates to less
uncertainty, and ... people pay more for certainty. In
the context of financial information, the end result is
that better disclosure results in a lower cost of
capital”
8. Financial Disclosure
Taxonomy
Financial
Data
Integrity XBRL Filing
Process
Consumption
9. Financial Disclosure
Business Analytics using XBRL data
Empower businesses through financial analytics
Promote the benefits of XBRL reporting
Comparison against three peers and
industry median
10.00
Net Profit Margin
5.00
-
- 100,000,000.00
Revenue
13. Corporate Compliance
Provisions of the Companies Act
AnnualGeneral Meeting, Annual
Return and Accounts Up-to-date
AnnualGeneral Meeting, Annual
Return or Accounts Late
14. Putting It All Together:
Corporate Compliance & Financial Profile
(CCFP)
Features
Business profile information
Compliance rating
Financial information
Significant interest expressed by stakeholders
Suggestions and feedback received at dialogues
Professional bodies assisted in publicity
17. Mitigating Macroeconomic
Risks
Registry information gives an indication of economic
slowdowns - Singapore’s Composite Leading Indicators
(CLI)
Economic survey of
Singapore 2011,
Ministry of Trade and Industry,
Singapore
18. In Summary
The value and relevance of registry information
For the business entities
Quality and timeliness of financial reporting
improves investor confidence
Value added service with WOG collaboration
Mitigating macroeconomic risks